Life Storage (LSI) Announces 2.5M Share Offering

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Go back to Life Storage (LSI) Announces 2.5M Share Offering

Life Storage (LSI) Prices $306M Public Offering

September 14, 2021 6:00 AM EDT

Life Storage, Inc. (NYSE: LSI), a leading national owner and operator of self-storage properties, announced the pricing of an underwritten public offering of 2,500,000 shares of its common stock for expected gross proceeds of approximately $306 million. Citigroup and Wells Fargo Securities are acting as the joint book-running managers for the offering. Life Storage has granted the underwriters a 30-day option to purchase up to an... More